Carbon Fund Act 2007.
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
The Carbon Fund Act 2007 establishes that the Minister shall, with the consent of the Minister for Finance, establish a fund to be known as and in this Act referred to as the Carbon Fund for the purpose, subject to subsection (8), of acquiring on behalf of the State, including on foot of existing or future agreements to which the State is or becomes bound, Kyoto Units and any other such instruments or assets in accordance with the provisions of the Convention and the Kyoto Protocol, and for any purpose associated with or incidental to the fulfilment of that function.
The management of the Carbon Fund is delegated to the National Treasury Management Agency (the Agency). Moneys standing to the credit of the Carbon Fund shall not be used for any purposes other than those specified in this Act. The Act then disciplines the way in which the Agency must keep accounts, reports and information to be provided to Minister, accountability of the Agency, among others.
The management of the Carbon Fund is delegated to the National Treasury Management Agency (the Agency). Moneys standing to the credit of the Carbon Fund shall not be used for any purposes other than those specified in this Act. The Act then disciplines the way in which the Agency must keep accounts, reports and information to be provided to Minister, accountability of the Agency, among others.
Attached files
Web site
Long title of text
An Act to provide for the establishment of a fund to be known as the carbon fund to be utilised for the acquisition of Kyoto units and other such instruments or assets by the state to meet international climate change obligations under the United Nations Framework Convention on Climate Change done at New York on 9th May 1992 and the Kyoto Protocol to the Convention done at Kyoto on 11th December 1997, to designate the national treasury management agency as the agent for the acquisition, including on foot of existing or future agreements to which the state is or becomes bound, of Kyoto units and such other instruments or assets on behalf of the state, to provide for the making available of financial resources to and the use and management of the carbon fund, to provide for consequential amendments to existing legislation and to provide for related matters.
Notes
Consolidated version of Carbon Fund Act 2007 up to and including Greyhound Racing Act 2019 (15/2019), enacted 28 May 2019, and all statutory instruments up to and including European Communities (Sheep Identification) (Amendment) Regulations 2019 (S.I. No. 243 of 2019), made 28 May 2019, were considered in the preparation of this Revised Act.
Repealed
No
Source language
English
Legislation Amendment
No